Sell Your Stocks – The Holiday Is Over

I used to go on and on about it, but with The Fed printing confetti each and everyday for the past 8 years – it didn’t really matter. The United States is 100% totally broke / Greece style / Flat out busted.

You guys remember that thing called “the debt ceiling”? Well……March 15th – Here we go again…only this time it’s different.

March 15th is the day that the “debt ceiling holiday” that Obama and Boehner put together right before the last election in October of 2015 expires.

The debt ceiling will freeze in at $20 trillion. It will then be law. It will be a hard stop. The Treasury will have roughly $200 billion in cash. The U.S is burning cash at a $75 billion a month rate.

By summer, they will be out of cash. Totally out of cash.

The holiday is over.

You think I’m joking about this….you don’t take this seriously, and you bury your head in the sand – I won’t be very happy.

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21 Responses

THE dork with nothing better to doFebruary 27, 2017 / 3:32 am

the debt ceiling has been raised 74 times since 1962 without fail. i will take the over on a 75th time, being this time is not different. but you could write a really thought provoking post on your thesis of why it should or could be. indeed, how far are we really from the debt ceiling being permanently abandoned? not saying any part of that is good, but just when is it that legislators are supposed to finally get a backbone?

Lemme guess….I’ll bet you’re somewhere around 25-27 years old and still live in your parents basement. What are they calling it these days…some “millennial thing”? Fok off. Stop reading / following here. This is for adults.

You’re all gonna need a whole lot more than 500 bucks even 5k ( and I dare say 50k ) to stick around / trade with me.

I would need to see USD break it’s entire daily downtrend to even consider selling…

And short of Trump / markets evaluation of Trump talk in 45 mins blasting USD higher ( which is impossible ) I’m just sticking to Tequila on the beach.It’s always tough seeing an entry BETTER than the one you where already satisfied with.

But that’s just crazy talk. You enter. You win or you lose ( with an account size that can handle the volatility ) then you try again.

“The red people from Manhattan Island crossed to the mainland, where a treaty was made with the Dutch, and the place was therefore called the Pipe of Peace, in their language, Hoboken. But soon after that, the Dutch governor, Kieft, sent his men out there one night and massacred the entire population. Few of them escaped, but they spread the story of what had been done, and this did much to antagonize all the remaining tribes against all the white settlers. Shortly after, Nieuw Amsterdam erected a double palisade for defense against its now enraged red neighbors, and this remained for some time the northern limit of the Dutch city. The space between the former walls is now called Wall Street, and its spirit is still that of a bulwark against the people. ” Chapter 7, The Tribes and the States by W. J. Sidis 1935

Learns something new every day. Get a load of this gibberish. Thanks for the useless info.

Nice cut and paste and as boring as all f*%k…if it’s even true…and even if it is – still boring as shit. I’m from another planet man…hypnosis?? Common….a tad simple for those of made of pure light ( currently manifest in gorilla form )

Spammers and trolls everywhere these days people – please be aware. Garbage.

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